Nguyen Van Yen, Deputy Central Commission for Internal Affairs of the ruling Communist Party of Vietnam (CPV) assessed that the case of Van Thinh Phat and its Chairwoman. Truong My Lan was a case with a large level of wrongdoing, even reaching a record for bribery and loss.
But in the investigation conclusion of the Ministry of Public Security, there is absolutely no mention of the violations of Truong My Lan and Van Thinh Phat Group in relation to Vietnam’s national security issues?
The opinions shared regarding this content on social networks may surprise us:
- Why let Truong My Lan and Van Thinh Phat Group take over half of Saigon’s central area, that is District 1 and District 3, in a very short time? Why, in Saigon, in famous business areas, luxury hotels… everywhere people say it is the property of Truong My Lan.
- The dangerous problem is that Truong My Lan and Van Thinh Phat Group defrauded and appropriated people’s deposits in SCB Bank, up to VND500 trillion, and then used this money to collect key strategic areas? And who must bear the main responsibility?
- Similarly, a series of investment projects of Truong My Lan and Van Thinh Phat Group, for example the Cape Den Do area, at the intersection of the Saigon-Soai Rap river, are considered to be the dominant ones. Having this weak point, it is like controlling the entire Saigon and Dong Nai area.
But the force behind Truong My Lan and Van Thinh Phat Group, everyone knows, is the force of China. But in the investigation conclusion of the Investigation Agency (C03) of the Ministry of Public Security completely ignored this issue.
Meanwhile, on Vietnamese social networks, a hot topic is receiving great attention. That is, for what purpose did Van Thinh Phat and Truong My Lan transfer money to China? What was the reaction of the mainland media, regarding the arrest of Truong My Lan and a series of leaders of Van Thinh Phat Group?
Journalist Thuan Hoa’s personal page introduced a translation of an article in a Chinese newspaper, with the title: „Appropriation of 90 billion yuan! The richest Chinese woman [in Vietnam] was arrested, shocking [billionaire] Ly Gia Thanh.“ This is an article reflecting the views of the Chinese people, before the Vietnamese government arrested Truong My Lan.
The article has a number of important points related to Vietnam’s national security. Especially the reaction of Chinese public opinion to Vietnam’s arrest of Truong My Lan. Thoibao.de summarizes a few important points and introduces them to the audience:
„Because she is of Chinese descent, she is a prominent figure in the Vietnamese business world and one of the few largest taxpayers in Vietnam.“
“According to property experts‘ estimates, she can be known as the richest Chinese woman in Vietnam. During the COVID-19 epidemic, she donated medical supplies worth 570 million yuan.”
“Why did Vietnam arrest a generous businesswoman who opened her pockets for them like that? On October 7 last year, Truong My Lan was arrested on suspicion of embezzling hundreds of billions of dong, causing uproar throughout the country.”
“The people of the Truong family value their love for their homeland very much. They are in Vietnam, but they still try their best to help the people of China who came alone to Vietnam to make a living.“
“After making enough profit in commerce, she quickly switched to real estate. Truong My Lan’s real estate business map covers the whole of Vietnam: Saigon Times Square, an iconic building in Ho Chi Minh City, was created by Truong My Lan. The Windsor Hotel named after her is one of the most luxurious hotels in Vietnam, etc.
Truong My Lan valued her Chinese bloodline very much and her combination with Chu Lap Co made her relationship with the Chinese community even closer.
Truong My Lan and her husband have gone to China many times to „find their roots and visit their ancestors,“ each time they donated generously. Haojiang Folklore Park, Thien Hau Xam Thach Palace, Truong Family Ancestral Temple, Guan De Temple… she has spent countless money in her hometown, even though her ancestors have all left a hundred years.
Through actions based on China, Van Thinh Phat Group has gained many new business opportunities, and has been able to develop extensive cooperation with China.
However, the Vietnamese Government did not give her this opportunity. Just as Truong My Lan was about to show off her ambitions, she was arrested in the Vietnamese Government’s anti-corruption campaign.
On November 17, 2023, Vietnamese officials announced that Truong My Lan was suspected of three crimes. It can be said that she single-handedly defeated many officials in the Vietnamese financial system.
Truong My Lan this time may face a sentence of at least 20 years in prison. No matter what, Truong My Lan’s fate will affect Vietnam’s private economy. This time, it is really difficult for Truong My Lan to escape.“
With the analysis and information just mentioned, Thoibao.de wants to warn about a very serious problem: Why does the Vietnamese government loose its management, allowing a businessman of Chinese origin, whose husband is Chinese, to has a close relationship with mainland China’s business border, why is it allowed to rampage in Vietnam like no one else?
And what is Minister of Public Security To Lam responsible for?
Thoibao.de (Translated)
